Yelp also raised its revenue and earnings guidance for the rest of the year, and executives on the company’s conference call said the company still has room to grow in local ads, where its team of more than 2,000 sales reps sell to local businesses. Yelp continued to beef up its sales force and has plans to repeat its approximate $25 million in first half TV and online video ad spending during the second half of the year.

Wall Street has been impressed with the company’s new chief financial officer, Charles “Lanny” Baker, who joined Yelp in May from Zip Realty. Baker had been CFO of the online real-estate brokerage firm, which was acquired by Realogy in 2014, and was also CFO of Monster.com. He also spent over a decade as a sell-side analyst on Wall Street.

Even amid the renewed optimism, however, investors should pay heed to the company’s user growth. Yelp said about 73 million unique visitors visited from a desktop computer, down from 77 million in the previous quarter, and approximately 69 million unique visitors visited Yelp via a mobile device in the second quarter, which was flat with 69 million in the previous quarter.

“We’ve given you an outlook of $700 million to $708 million for this year in revenue. We’ll get to a billion,” Stoppelman said in response to an analyst’s question. “We’re moving along at a pretty quick clip right now.”

Yelp has also been often rumored as a possible takeover target, but if its share price continues to climb, it could instead get back to acquiring smaller companies to fuel its own growth and hit that $1 billion mark.

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